5. (10 points) X Corporation purchased 100% of the stock of the stock of Y Corporation in 2021 and made a Section 338 election. The fair market value of Y Corporation's assets is $1.3 M, and the adjusted basis is $900,000. a) Assuming a corporate tax rate of 21%, what is Y Corporation's recognized gain or loss? b) What is the basis of the assets acquired by X Corporation? c) In general terms, how is the basis of assets acquired by X Corporation allocated? d) What happens to the attributes of Y Corporation after the Section 338 election? e) In general terms, how do you determine if a Section 338 election is worthwhile